13 January 2011

A Ministerial Directive Letter issued in December 2010 by the Minister of Finance to the Overseas Investment Office takes effect from today.

The letter provides extra clarity and certainty for potential investors and the Overseas Investment Office about the Government’s general approach to foreign investment in sensitive assets. It replaces the Ministerial Directive Letter dated 31 August 2009, and the Ministerial Directive Letter - Amendment dated 21 December 2009.

A copy of the Ministerial Directive Letter dated 8 Dec 2010 is attached below.

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